Inspire Investing LLC Buys 2,614 Shares of NetEase, Inc. (NASDAQ:NTES)

Inspire Investing LLC lifted its stake in shares of NetEase, Inc. (NASDAQ:NTES) by 27.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,194 shares of the technology company’s stock after purchasing an additional 2,614 shares during the quarter. Inspire Investing LLC’s holdings in NetEase were worth $1,088,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of NetEase by 15.5% during the second quarter. Dimensional Fund Advisors LP now owns 569,633 shares of the technology company’s stock valued at $54,502,000 after buying an additional 76,446 shares during the period. Marshall Wace LLP purchased a new position in NetEase during the second quarter valued at approximately $2,186,000. Point72 Asset Management L.P. increased its holdings in NetEase by 126.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 525,400 shares of the technology company’s stock worth $50,218,000 after acquiring an additional 293,400 shares during the period. Caxton Associates LP bought a new stake in NetEase during the 2nd quarter worth approximately $248,000. Finally, Lighthouse Investment Partners LLC lifted its stake in NetEase by 58.5% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 10,924 shares of the technology company’s stock worth $1,044,000 after purchasing an additional 4,033 shares in the last quarter. Hedge funds and other institutional investors own 11.07% of the company’s stock.

Wall Street Analysts Forecast Growth

NTES has been the subject of a number of recent analyst reports. Bank of America boosted their price target on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Citigroup boosted their target price on NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Benchmark lowered their price target on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, November 15th. StockNews.com lowered NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Finally, Morgan Stanley raised shares of NetEase from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $90.00 to $108.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.71.

NetEase Trading Down 0.1 %

Shares of NetEase stock opened at $99.45 on Friday. The business’s 50-day moving average price is $91.78 and its 200-day moving average price is $88.01. The firm has a market capitalization of $63.86 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 3.37 and a beta of 0.57. NetEase, Inc. has a 12 month low of $75.85 and a 12 month high of $114.50.

NetEase Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Friday, November 29th. NetEase’s payout ratio is currently 29.22%.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.